Bookkeeping

Revenue can be one of the more difficult parts of developing a budget – simply because it’s harder to forecast than expenses. Identify opportunities, threats, and emerging trends likely to influence your activities (both internal and external to your organization). Finally, get clear on and name the goals, organizational values, and priorities that you want …

Nonprofit Budgeting: Step-by-Step Guide + Free Template Read More »

They primarily manage investment accounts by tracking fees, transfers, and other financial transactions. These professionals may also buy and sell stocks, purchase real estate assets, and perform other investment duties based on consultations with investment accountants and clients. With experience, government accounting clerks can pursue forensic accounting or auditing positions. With high upfront costs for …

Getting Started with CPG Accounting Read More »

No matter what option you choose, you need to gather all your financial information before you can create a nonprofit statement of activities. This includes things such as your non-profit’s bank statements, tax returns, and investment statements. Once you have all of this information, you can start creating your statement of activities. Similar to LLS, Heifer …

Accounting & Financial Reporting Read More »

Usually a person without a four-year or five-year accounting degree employed to record routine financial transactions for smaller companies. Asset, liability, and most owner/stockholder equity accounts are referred to as permanent accounts (or real accounts). Permanent accounts are not closed at the end of the accounting year; their balances are automatically carried forward to the …

T-Account: Definition, Example, Recording, and Benefits Read More »

But if they have employees and plan on paying them without third-party assistance, they will need to understand accounting payroll basics. This knowledge can mean the difference between a thriving business poised for growth and one that is crushed under the weight of expensive penalties. Small business owners and operators typically don’t have enough time …

Payroll Cost: How to Calculate & Factors that Affect Payroll Cost Read More »